Australia’s housing price growth will slow to 7 per cent next year as macroprudential controls add to the headwinds of worsening affordability, reduced immigration and incentives and possibly even higher mortgage rates, AMP Capital chief economist Shane Oliver says.
Dr Oliver said he had already predicted a slowdown to 7 per cent – from a likely 20 per cent national gain this year – as some form of regulator-driven curbs on mortgage lending were likely.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
